CMA CGM reports increasing profits in 1Q22
THE first quarter results for French ocean carrier CMA CGM revealed huge revenues and profits against a backdrop of increasing costs and a darkening outlook. For the first quarter...
Investigation launched into freight train derailment
AN INVESTIGATION has commenced into the derailment of a freight train travelling from Brisbane to Sydney last week. Operated by Pacific National, the train lost 11 wagons near...
Shippers concerned by carbon tax ahead of IMO decarbonisation talks
THE GLOBAL Shippers Forum has voiced concern that the International Maritime Organization’s upcoming carbon tax discussions will push freight costs for shippers higher than their...
Pacific Maritime Safety Program funded for another four years
NEW Zealand has announced it would spend NZ$12 million over the next four years on the Pacific Maritime Safety Program (PMSP) going. The program delivers maritime safety...
OPINION: Does the latest CPPI give a realistic view of port rankings?
THE TRANSPORT Global Practice of the World Bank and the Maritime, Trade and Supply Chain division of S&P Global Market Intelligence have recently published the Container Port...
Brisbane International Cruise Terminal officially opens with arrival of Pacific Explorer
BRISBANE International Cruise Terminal welcomed its first ever cruise ship on Thursday morning with the arrival of Pacific Explorer. Pacific Explorer sailed from Sydney on...
ATSB investigates near-miss grounding at Hydrographers Passage
THE Australian Transport Safety Bureau is investigating a near-miss grounding that occurred on 4 May in Hydrographers Passage. According to a preliminary summary of the incident...
Windy weather stops container operations at Botany
HIGH winds again affected container operations Monday morning at Port Botany, and stevedores halted operations. The Patrick terminal stopped operations at 0800, and CargoLink...
Swire Shipping appoints new managing director
SWIRE Shipping has announced a change in leadership, having appointed Jeremy Sutton as managing director. Mr Sutton is currently chief operating officer. He will take over from...
At least 49 dead in Bangladesh container depot blast
AT LEAST 49 people have died in a fire at a container depot in Sitakunda, Bangladesh, near the country’s main port of Chittagong. Footage has been released of smoke billowing from...
Crew change situation stabilising, but Ukraine war still a challenge
THE GLOBAL crew change situation may be stabilising despite obstacles such as tight restrictions in Japan and a shortage of Russian and Ukrainian seafarers. The latest figures...
LNG carrier undertakes trans-oceanic voyage with autonomous navigation
LNG carrier Prism Courage completed a trans-Pacific voyage relying on autonomous navigation technology. Hyundai subsidiary Avikus, together with SK Shipping, announced the...
World Container Index decreases slightly this week
DREWRY’S composite World Container Index decreased by 0.1% to US$7625.56 per 40-foot container this week. However, the index remains 18% higher than it was one year ago. The...
QLD buys Aurizon's Rockhampton railyard to create supply chain opportunities
AURIZON’S Rockhampton railyard may be transformed into a major rail supply-chain hub or a hydrogen-powered rail research centre after being purchased by the Queensland government...
T-Ports welcomes new CEO
T-PORTS has appointed a new chief executive officer as current CEO Kieran Carvill steps down to lead a new business development strategy within the company. Scott McKay, an...
